On December13, 2013, the shares in Petrogrand AB were given observation status due to uncertainty regarding the pricing of the shares following Petrogrand AB’s press release dated December 13, 2013,with information about the Petrogrand AB’s request to convert Convertible 2 issued by Shelton Petroleum and that there was a disagreement between Shelton Petroleum AB and Petrogrand AB regarding the right to convert.
On January 2, 2014, Petrogrand AB published a press release with information that Petrogrand AB has withdrawn its request to convert Convertible 2. With reference to the above mentioned press release NASDAQ OMX Stockholm AB has decided that the observations status of the shares in Petrogrand AB (PETRO, ISIN Code SE0001587593, Order Book ID 49922) shall be removed with effect as from January 3, 2014.
For further information concerning this exchange notice please contact Karin Ydén or Eva Norling, telephone +46 8 405 60 00, or iss@nasdaqomx.com